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Author Question: Your company needs to pay $10,000 for the overhaul of five trucks. A bank offers you a loan at 18 ... (Read 291 times)

newyorker26

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on: May 1, 2019
Your company needs to pay $10,000 for the overhaul of five trucks. A bank offers you a loan at 18 percent per annum with a compensating balance requirement of 15 percent of the loan amount. You plan to borrow the money for 9 months and currently do not have any account with this bank. What is the effective cost of the loan?
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
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Marked as best answer by newyorker26 on May 1, 2019

stallen

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Reply #1 on: May 1, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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newyorker26

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Reply #2 on: May 1, 2019
TY


stallen

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Reply #3 on: May 1, 2019
You're welcome


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